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Old 03-28-2012, 10:28 AM   #1
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WTF? GoldmanSachs advices to buy gold?!?!

Now, that worries me - because I cannot understand why they are doing that??? Which means, I cannot see how to counteract

http://www.businessinsider.com/goldman-buy-gold-2012-3

Unless... they mean: buy Paper Gold from us, so we can unload that shit ASAP, Muppets!! Did I just cracked the code??

What you think, guys - it sounds suspicious for me (well, good & honest advice, that's why), unless the game is already set to bust the gold and break the market confidence in it?

Have no idea what to make of it.

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Old 03-28-2012, 10:58 AM   #2
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Sounds like a major raid / smackdown is imminent. The bottom isn't in yet.
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Old 03-28-2012, 11:31 AM   #3
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Originally Posted by PMBug View Post:
Sounds like a major raid / smackdown is imminent. The bottom isn't in yet.
Hmm.. Anyone have a list of past goldman calls? Maybe this is a good time to backtest.
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Old 03-28-2012, 11:38 AM   #4
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12/11/07 Sell Recommendation.. $747.. Within 2 weeks it was higher by $11 and started it's run up to 920 in the 1st month of 08...

http://www.marketoracle.co.uk/Article2966.html

However, this was 2 months after recommending they buy the metal and had the metal run up 100 bucks.
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Old 03-28-2012, 11:49 AM   #5
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So within 3 months of a buy recommendation they had ~ 300 to the upside. Am I reading that right?
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Old 03-28-2012, 11:55 AM   #6
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They want to dump it to buy it back cheaper. Simple as that.

I think we are set for quite a big tumble in gold and silver tbh. Like in 2008. Watch it rocket again 1 - 2 years into the next presidency.
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Old 03-28-2012, 11:58 AM   #7
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lol... Not terribly surprising, but ZH is as cynical as I am:

http://www.zerohedge.com/news/goldma...ce-target-1785
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Old 03-28-2012, 12:00 PM   #8
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I like how the concept of "long" turns out to mean "three months" to Goldman. How long is the average lifespan of a Goldman employee?
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Old 03-28-2012, 12:16 PM   #9
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$1657, down $23. That smack down didn't take long.
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Old 03-28-2012, 01:55 PM   #10
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I don't care what Goldman sez. Just BUY when when you have the dough. Err, money that is. You CAN eat dough!

Bad humor aside, physical gold will not be listening to Goldman Sachs. Why should we?

Even if gold gets hammered down, say, to $1400 so what? Just buy some more as money comes in...
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Old 03-28-2012, 02:12 PM   #11
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Any of these guys - well, GS is a special case here - you have to pay attention. For example, Warren Buffet was roundly laughed at over at ZH and elsewhere for buying BAC at around 5-6 bucks, and some special warrants etc only he could get due to his size. And yeah, for a few months, he looked pretty stupid, didn't he. Today's BAC as I type: $9.68, and in only a few months.

If you nearly doubled your money in only half a year, you'd think you were doing pretty good, eh? Not that I'm endorsing Warren, I'm not - just pointing out that you have to take timeframes into account with any of this kind of data or call. If Warren got out today, for him, that'd be day trading, and he probably won't (but I sure would) - right now it'd be me calling him dumb for not doing that.

I don't think the smackdown, if one is coming, is quite done yet. Sitting on plenty of dry powder, but going contrary to GS hasn't been quite good enough for me in the recent past go go short gold either.
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Old 03-28-2012, 02:29 PM   #12
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Buy dips. Nuff said.
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Old 04-04-2012, 09:54 PM   #13
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GOLDman Sachs would like Gold.
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Old 04-04-2012, 11:02 PM   #14
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Most of the time you should fade Goldman, or have a really good reason not to. They do tell the truth just often enough to make it not safe to always fade their calls, it helps keep a hold on the muppets. And sometimes they are just wrong way back there behind the double-triple think, you know.
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Old 04-05-2012, 04:03 AM   #15
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Eh, not that I care too much what mainstream fin. in. have to say, I know they will say anything that serves their agenda - only it makes me a little bit anxious, if I cannot figure out WHY all of a sudden, they are suggesting things that would clearly undercut & diminish their position, if followed by most of the folks? How THAT serves their agenda? The only thought I have, would be that they assume most investors would turn to a "paper gold", (ETF), thus allowing big investment banks to unload most of THEIR paper gold, without influencing the market downward.

I am not concerned too much if the game is rigged, for as long as I can see it through (and point it out to others, willing to listen). When I cannot see how and where dice is going to be thrown, it makes me slightly nervous. You know the old poker saying, "if you cannot spot the sucker at the table, YOU are the sucker"

regards,
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Last edited by bushi; 04-05-2012 at 04:05 AM.
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Old 04-06-2012, 07:52 PM   #16
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Originally Posted by PMBug View Post:
Sounds like a major raid / smackdown is imminent. The bottom isn't in yet.
Following on the heels of the recent smash (likely orchestrated in conjunction with the FOMC announcement), Jim Rogers still doesn't think the bottom is in:
Quote :
I expect the price to decline and when that happens I will buy more.
http://jimrogers-investments.blogspo...o-decline.html
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Old 04-07-2012, 10:31 AM   #17
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GS means you should buy digital gold.

Gold is an outdated relic- and the dollar which is as good as gold is also an outdated relic.
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Old 04-08-2012, 03:16 PM   #18
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Fuck "digital gold", that's for complete suckers. I dare you to buy some GLD and try and get the actual metal purported to be backing those shares, I fucking dare you.

For that matter, I offer the same dare to those holding COMEX gold or silver. I double dog dare you to try and actuallyt take possession of it.
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